Inflation Rate

• The monthly or annual percentage change in prices
• Economists consider inflation rates from 1 to 3 percent to be low to moderate
• Inflation rates of less than 1% are considered negligible
• Depending on the severity of the inflation rate, economists may describe it as creeping or galloping.

Hyperinflation

• The worst degree of inflation
• A situation in which inflation is increasing at a rate of several hundred percent a year
• Can result in complete economic collapse

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